Harry and Barry’s Taxpayer-funded Solar Energy Project Is Filled With Financial Landmines »
(Thomas Mitchell/4th St8) – If you thought Solyndra’s half a billion dollar loan guarantee from the Energy Department was risky business, wait till you read about the $1.6 billion DOE loan guarantee for a thermal solar project just across the border in California. The 392-megawatt Ivanpah Solar Electric Generating System, or Ivanpah, is being built by BrightSource Energy. The principal private investor in the firm is VantagePoint, whose partners include Robert F. Kennedy Jr., the [...]
Barry And Harry Scratch The Backs Of Supporters »
(Thomas Mitchell/4th St8) – I call it money laundering. This week the Obama administration’s Interior Department identified thousands of acres of public land suitable for solar energy projects, including five sites in Nevada, which already has several solar energy projects on public land. The Silver State North Project in the Ivanpah Valley near the California border was the first utility-scale photovoltaic farm built on public land anywhere in the United States. That project is owned [...]
“Juice” Powered Solyndra »
(Geoffrey Lawrence/NPRI) – Some companies are in business to serve consumers. Others are in business to serve themselves. Such was the case of Solyndra — a newly bankrupt California-based firm in the ostensible business of manufacturing solar panels. Solyndra’s business model — like that of many “renewable”-energy-component manufacturers — doesn’t achieve success by producing goods that consumers value and would purchase freely. Instead, this business model achieves success by petitioning politicians to legally compel consumers [...]
The Manchurian Disconnection »
(Thomas Mitchell/4th St8) – How could any news story be more thoroughly reported and exhaustively detailed than one Sunday in the Las Vegas Sun “newspaper” about the connection between Nevada and Red China? The story starts with the Chinese coolies brought in to build the railroads to carry Nevada’s gold and silver to market, meanders past the Asian-themed casino floor in the Encore and the American-owned casinos in Macau and up to the announced plan [...]
Renewable Energy Is Destroying Nevada Jobs, Economy »
(Geoffrey Lawrence/NPRI) – Politicians have long sold the myth that the national and state economies would one day be rescued by “renewable” energy. For years, however, a fundamental problem kept these politicians from achieving their goal of making renewable energy culturally dominant: Freedom. Electricity generated by so-called “renewable” sources like solar panels is far more expensive and less reliable than electricity generated through traditional means such as nuclear, coal-fired or natural gas-fired power plants. Confronted [...]
Nevada Powered By Nuclear Energy More So Than Renewable Sources »
(Kyle Gillis/NPRI) – The federal government has spent over $440 million subsidizing Nevada’s “green economy,” yet imported nuclear energy provides more power to Nevada customers than taxpayer-subsidized electricity generators such as solar, wind and biofuel. According to recently updated data from NV Energy, since the stimulus passed in February 2009, imported nuclear energy generated over 328,000 megawatt hours of electricity for Northern and Southern Nevada customers, whereas solar, wind, and biofuel sources combined to produce [...]
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